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Forex: EUR/USD consolidates losses below 1.3000

The single currency keeps the negative tone on Friday, dragged from the area around 1.3130 to the current lows in the proximities of 1.2985/90 after the sharp gain of the February’s Payrolls in the US economy and the lower jobless rate.

The stronger-that-expected data boosted the greenback, at the moment advancing across the board with the exception of the Canadian dollar.

As of writing, EUR/USD is losing 0.92% at 1.2986 facing the immediate support at 1.2956 (low Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).
On the upside, a breakout of 1.3055 (MA200h) would expose 1.3135 (high Mar.8) en route to 1.3163 (high Feb.28).

Forex Flash: US equities overweight, accelerating into 2014 – Goldman Sachs

According the Economics Research Team at Goldman Sachs, “We see a solid case for our continued overweight in US equities over 12 months. We expect an improvement in global growth in 2013 and further acceleration in 2014. We forecast earnings growth to accelerate in all regions in 2013.”
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Forex: USD/CAD bounces at 1.0230, back to 1.0280

After falling around 80 pips from 1.0315 to test the March low at 1.0230, the USD/CAD bounced at this level to trade back above the 1.0250 and reach levels around 1.0280. Currently the pair is trading at 1.0275, 0.17% below opening price.
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